bill moyers: obama campaigned on higher rates. and he won. why can't republicans come to terms with that that's how the election came out? yves smith: the republicans have become very dedicated to the idea that taxes in any form are bad. that when, in fact, there are times when taxes can fund productive investments and actually, again, lead to more economic growth. but it's the republicans and ironically, wall street, have basically adopted the same strategy of being non-negotiable. that if they have a blocking position, and they feel that they have a blocking position by virtue of their majority in the house, that they're going to take advantage of it. so regardless of what the election said, if they can stymie a deal to their own advantage, they will. >> given what both of you are saying, why are we talking about reducing the deficit instead of creating jobs? because when people have jobs, they spend money. when they spend money, businesses have customers. when they have customers, the money keeps circulating. and yet washington isn't talki